HYP ERP

We can help you transform your business into an Intelligent Enterprise.

Maximize your accounting processes across the business

Accounting system helps your business to keep track and manage the financial transactions. That includes sales, purchases, assets and liabilities.

What is an enterprise accounting system?

is focused solely on a company’s financial activities. An accounting system helps companies manage their accounts payable and accounts receivable, along with their bookkeeping activities. For instance, an accounting system helps with the generation of a trial balance, an integral part of double-entry bookkeeping. Accounting software also helps companies put together financial statements, such as profit and loss reports and balance sheets.

It’s a complete accounting and finance solution for growth and innovation

Is HYP accounting system an enterprise?

Yes, our HYP accounting system is an enterprise software, which not only performs all the accounting tasks but also have considerable functionality beyond that, including supply chain, distribution and customer management.

We are always up-to-date

Accounting and Finance are some of the most prominent and significant fields of any business industry, therefor, you need to stay up-to-date in trends and technologies and up-skill accordingly.

It’s integrated with customer and vendor portal

Finally, you can get rid of all piles of invoices. The HYP accounting system is readily integrated with separate portals for customers and vendors. each of your customers/vendors can check their account statement, invoices, quotations and more.

How is the accounting system giving additional value to your business?

  • Budget management.
  • Saves times and money.
  • Improve customer experiences.
  • Make better decisions with more-reliable data.
  • Manage all of your accounting needs in a single system.
  • Increase productivity and improve insights into your business.

  • Multi-currency exchange rate management and profit/loss calculation

HYP accounting goes far beyond a common accounting system.

Learn more about what functions does HYP accounting handles, and get to know the power of each sub-module in the enterprise system.

Chart of accounts

A chart of accounts is a list of financial accounts set up, usually by an accountant, for an organization, and available for use by the bookkeeper for recording transactions in the organization’s general ledger.

Opening balance

The opening balance is the amount of funds in a company’s account at the beginning of a new financial period. It is the first entry in the accounts, either when a company is first starting up its accounts or after a year-end.

Journal vouchers (JV)

A journal voucher is a document on which is stored the essential information about an accounting transaction. This voucher contains a unique identifying number, the transaction date, transaction description, and transaction amount.

Prepaid expenses

Prepaid expenses are future expenses that have been paid in advance. In other words, prepaid expenses are costs that have been paid but are not yet used up or have not yet expired.

Budget

A budget is used to forecast the financial results and financial position of an entity for a future period. It is used for planning and performance measurement purposes.

Closing

Closing entries are those journal entries made in a manual accounting system at the end of an accounting period or year to shift the balances in temporary accounts to permanent accounts.

GL documents

GL documents is used to manage all your GL document movements, from posting, deleting, reading and manage parked (pending) documents.

Consolidation

GL documents are used to manage all your GL document movements, from posting, deleting, reading and managing parked (pending) documents.

Sales invoices

A sales invoice represents revenue that your company has earned. Using the accrual method of accounting, which treats a sale as income even before you have actually been paid for it.

Credit Notes – Sales returns

A credit note, is a financial document that seller issues to indicate a reduction in the amount that needs to be paid whenever there is an invoice mistake, problems with damaged goods, or a purchase cancellation.

Receipt vouchers

The receipt voucher is used to record the cash or bank receipts of a company. It shows an inflow of funds in the business.

Receivable Journal Voucher

these are used to fulfill the purpose of non-cash transactions. They are used as documentary evidence, such as goods sold on credit. In such cases, there is no effect noticed on the cash or bank account of the assessee.

Transfer Transactions

This is the movement of money from one bank or cash account of a business entity to another.

Transactions Clearing

Funds sit in a clearing account for a temporary period until they can be moved where they belong. Generally, you open a clearing account because you cannot classify the funds directly and must wait for more information.

Payment vouchers

Record payments made to suppliers and maintain a history of payments that your business has made. Companies use vouchers to gather and file supporting documents that are required to approve and track payments of liabilities.

Utilities expenses

It’s the cost consumed in a reporting period related to electricity, heat, sewer, and water expenditures. The category is sometimes also associated with expenditures for ongoing telephone and internet service.

Request for payment

In a business there is a person in a position to authorize payment signifies the approval of a supplier invoice.

Transfer transaction and clearing

Transfer is the movement of money from one bank or cash account of a business entity to another. Clearing account is used for a temporary period until they can be moved where they belong to another account.

Debit notes – Return

The debit note is used in several purposes, which involve incremental billings, internal offsets, and bank transactions

Purchase invoices

Purchase invoices are the bills issued by a vendor for goods delivered or services rendered to a customer. It itemizes the goods and services sold to a customer.

Assets master data

A fixed asset is property with a useful life greater than one reporting period, and which exceeds an entity’s minimum capitalization limit. A fixed asset is not purchased with the intent of immediate resale, but rather for productive use within the entity.

Asset disposal

Asset disposal is one of the first scenarios under which you may get rid of a fixed asset. You are eliminating it without receiving any payment in return.

Fixed asset sales

Asset sales represent another scenario under which you may get rid of a fixed asset. This happens when you sell an asset, so that you receive cash or some other asset in exchange for the sold asset.

 

Calculate depreciation

Depreciation is a planned, gradual reduction in the recorded value of an asset over its useful life by charging it to expense. Depreciation is applied to fixed assets, which generally experience a loss in their utility over multiple years

Bank list

Each bank can be defined and assigned to a separate category and its own country.

Check lots

Checks supplied by a bank or a printing shop are usually divided into lots, since they may be written (issued) or printed at various different locations

Post-dated checks

a post dated check is a check on which the issuer has stated a date later than the current date. It is used when the issuer wants to delay payment to the recipient.

Post-dated notes

A post-dated note is a written promise to receive a specific amount of cash from another party on one or more future dates.

Bank guarantee

A Bank Guarantee enables the customer, or debtor, to acquire goods, buy equipment or draw down loans,

Bank reconciliation

bank reconciliation is the process of matching the balances in an entity’s accounting records for a cash account to the corresponding information on a bank statement.

Cost centers

A cost center is a business unit that is only responsible for the costs that it incurs. The performance of a cost center is usually evaluated through the comparison of budgeted to actual costs

Cost centers balance

The cost center balance, gives the ability to check balance wise years and monthly balances. with the option for the profit and loss or balance sheet.

Business area balance

The business area balance, gives the ability to check balance wise years and monthly balances. with the option for the profit and loss or balance sheet.

Statements

A statement of account is a detailed report of the contents of an account. this can be takes for both cost centers and business areas.

Statement of account

This sub-module provides, customer, vendor, assets, general ledger (GL), multi GL, object and tax detailed statements. each of these statements can be taken separately.

Group of accounts balance

A user can take a detailed report including the opening and period balance for a group of accounts. this helps in creating an overview of the chosen accounts.

 
 

 

 

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